18 November6:50 PM

BFA selected for Sonangalp privatization

Financial intermediary for sonangalp privatization

BFA, was contracted under a Limited Invitation to Bid for the acquisition of Securities Distribution Services, thus complying with the indications of Presidential Decree no. 250/19, which creates the Privatization Program, since Sonangalp will be privatized through an Initial Public Offering (IPO) and only institutions that meet the requirements for operations in regulated markets were previously qualified and invited to the referred Invitation.

Sonangalp privatization will be carried out through an Initial Public Offering preceded by a corporate, asset and financial reorganization process, due diligence and evaluation of the company, under the terms of the Privatization Framework Law.

The selection of BFA as a financial intermediary took into consideration the fact that it is one of the structural banks of the Angolan financial system, solid and with a wide experience in Investment Banking, especially in Sales, Mergers and Acquisitions (M&A), as well as the fact that it has a strong team (EY) with extensive experience in organizing and preparing IPOs in other markets, with experience in multiple areas of intervention.